One thing which isn’t protected with collision coverage (even though most people believe otherwise) is damage to your car which didn’t happen while driving. If a tree falls on your car or it’s stolen, this part won’t do you any good.

About Comprehensive Coverage

Basically, all the things which aren’t protected under the collision coverage are protected with comprehensive.

This coverage can help pay for any repair bills caused by fire, theft, anything falling on your car, animals, weather, and whatever else you can think of.

If you’re leasing a car, you will be required to have comprehensive coverage.

If you own your car, then it’s optional coverage you can add to beef up your protection.

How the Auto Insurance Deductible Works

The deductible is one of the most common complaints of auto insurance.

If you’re paying premiums every month, why should you pay to use the policy?

The deductible is the amount of money you have to pay out-of-pocket BEFORE the insurance coverage kicks in.

The deductible amount can change based on the plan, the carrier, and your preferences.

For most people, a deductible costs either $500 or $1,000.

Policyholders with $1,000 deductibles are going to pay less every month, but they will have to pay more out-of-pocket when they make a claim on their plan.

What Will Your Auto Insurance Quotes Be?

When you apply for an auto insurance plan, the carriers are going to try to get a full 360 view of your driving habits and your total risk to the company.

Here are some of the factors they are going to review when adding up your rates:

Age. Younger drivers are going to pay more for their insurance coverage. Studies have shown younger drivers are at a higher risk for an accident.

Location. Where you live is going to change how much you pay. Some states are better for drivers, those drivers get lower rates. Check for an insurance agent in your area who has access to regional companies you may have not of heard of.

How Long You Have Been Driving. The more driving experience you have, the less risk you are to the insurance company. New drivers pay more for coverage (similar to the age factor)

Claims History. If you’ve made a lot of claims on your insurance policy, they are going to charge you more.

Any Tickets or Accidents. Similar to claims history, if you have several tickets or accidents on your record, you’re a riskier driver. More risk equals higher rates.

Type of Car/Age of Car. The more expensive your car is (usually the newer it is), the higher your premiums. The more expensive the car is, the more the company would have to pay on a claim.

How Much You Drive. If you don’t’ drive much every year, there is a chance you can get a discount on your plan. Obviously, the less you drive, the less chance you have to be in an accident.

All of the factors are not considered equal. The carrier is going to view some of them with more severity than others.

About Jeff Root

Jeff Root is the owner of Rootfin. He is an independent life insurance agent, licensed in all 50 states & the District of Columbia. Jeff is an accomplished author, speaker at industry-leading insurance conferences around the US, and has helped 1,000's of people purchase insurance online and over the phone.

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